|Letter to Shareholder | Board of Directors|
1. Shareholding Structure and Shareholders' Rights
(a). Ways of handing shareholders' suggestions or disputes
(b). The Company' possession of major shareholder' list and the list of ultimate owners of these major shareholders
(c). Risk management mechanism and fire wall between the company and its affiliates
The Company has appointed a spokesperson to manage related matters.
The Company has appointed stock affair professional, and keeps track of changes by monthly reports.
Any reinvestments of the Company follow the Company’s long-term and short-term investment regulation, the internal control system and related laws.
2. Board Structure and Responsibilities
(a). Independent Directors
(b). Regular evaluation of external auditors' independence
The Company has 9 to 11 directors and no independent directors.
The Company has assigned eminent accounting firms and accountants who do not have any interests with the Company to keep their independence.
The management of the Company is investigating the need to set up the independent directors since there is none currently. If there is a need, it will be in consistent with the Corporate Governance Best-Practice Principles for TSEC/GTSM Listed Company.
3.The company's communication with its stakeholders
The company has Spokesperson, and has websites, phone or fax information available to keep good communication with its stakeholders.
4. Information Disclosure
(a). Establishment of corporate website to disclose information regarding the company's financials, business and corporate governance status.
Other information disclosure channels (e.g. English website, assign specialist to collect information and make disclosure, spokesperson, web-cast investor conference)
The Company discloses its financial or business information on the Market Observation Post System regularly or irregularly and sets up the investor service on the corporate website. The Company also assigned relevant departments to collect and disclose company information, and has a spokesperson and a deputy spokersperson.
(a). The Company values greatly the labor-employee relation, guides its conduct toward its employees with integrity, and protects the employees’ right according to the Labor Standard Act.
(b). The Company provides welfare and training systems to establish a mutually trustful and reliable relationship with its employees.
(c). The Company has designated Spokesperson to manage suggestions from the shareholders.
(d). The Company keeps good relationships with its suppliers.
(e). The Company provides the noticeable information of related laws or regulations to its directors and supervisors.
(f). The Company has made internal rules according to related laws for risk management and assessment.
(g). The Company keeps stable and good relationships with its customers to create profits.
(h). The Company has purchased D&O insurance for its directors, supervisors, and management.